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How to Buy Lendingclub Stock

Lendingclub Corp

Lendingclub is a credit service company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker LC on the NYSE exchange.

Lendingclub stock last closed at $8.35, down 1.42% from the previous day, and has decreased 11.26% in one year. It has underperformed other stocks in the Credit Services industry by 0.18 percentage points. Lendingclub stock is currently +76.53% from its 52-week low of $4.73, and -23.53% from its 52-week high of $10.92.

At the moment, there are 111.12M shares of LC outstanding. The market cap of LC is $927.86M. In the last 24 hours, 1.33M LC shares were traded.

How to Buy Lendingclub Stock

Wondering how to invest in Lendingclub stock? Here's how.
  1. Choose where to buy Lendingclub stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Lendingclub stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Choose your payment method and add your information.
  4. Analyze Lendingclub stock: The Lendingclub ticker symbol is LC. Is Lendingclub stock a good investment? Should you buy shares of LC? How do LC's underlying business fundamentals look? Do top analysts think Lendingclub is a good buy? Why has LC's stock price moved recently? (Hint: Our stock research tools can help you figure out if LC is a good stock to buy).
  5. Execute your LC trade: Decide if you will purchase LC shares at the current market price or use a limit order to buy LC stock at a particular price.
  6. Track your investment in LC: Create a watchlist to keep track of your new investment in Lendingclub shares.

Step 1: Choose where to buy Lendingclub stock

You need an online brokerage account in order to access the NYSE market and buy LC stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked your brokerage, it's time to fill out some personal information so you can invest in LC today.

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  2. Enter your personal details to create a new trading account.
  1. Submit your application by clicking the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you've opened your account on the best stock trading app for beginners, you need to deposit funds:

Check out the tutorial below if you need help transferring money into your new investment account.

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Step 4: Analyze Lendingclub stock

Once you have chosen the best place to buy Lendingclub stock, it's absolutely critical to analyze their stock prior to buying, so you actually wrap your head around the risk and upside.

Lendingclub Numbers

LC Price
$8.35
1w %
-0.24%
1y %
-11.26%
5y %
-41.2%
P/E
24.56x
P/B
0.73x
P/S
1.16x
PEG
0.98x
Revenue
$799.61M
Earnings
$37.52M
Fore. Rev. Growth
1.74%
Fore. Earn. Growth
27.82%
Market Cap
$927.86M
Next Earnings
Jul 24, 2024
Next Dividend
N/A

Fundamentals of Lendingclub

WallStreetZen was built to help average investors perform better fundamental analysis in less time.

You can view all of the due diligence checks on LC's stock page.

What is the fair value of LC stock?

You can use many financial metrics, analyses, models, and charts to gauge LC's intrinsic value.

Using relative valuations methods:

  • LC could be undervalued based on its P/E ratio of 24.56x, relative to Credit Services industry P/E ratio of 26.48x
  • LC could be undervalued based on its P/B ratio of 0.73x, relative to Credit Services industry P/B ratio of 4.77x
  • LC could be undervalued based on its PEG ratio of 0.98x

You can access more valuation analysis on LC's stock here.

LC Financial Health

Failed Financial Due Diligence Checks:

  • LC has a relatively high debt to equity ratio of 6.3.
  • LC profit margin has gone down from 23% to 4.7% in the past year.
  • Total LC debt is higher than 5 years ago, relative to shareholder equity.

Is Lendingclub stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 4 Equities analysts who give forecasts on LC, the consensus analyst rating on Lendingclub is a Strong Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Lendingclub stock forecast page.

Metrics for Advanced LC Traders

SMA10
8.38
SMA20
8.74
SMA50
8.61
SMA100
8.5
SMA200
7.58
MACD
-0.13
MACD Signal
-0.08
MACD Histogram
-0.05
RSI
44.04
Stochastic %K
38.57
Stochastic %D
30.4
StochRSI %K
65.06
StochRSI %D
50.01

Is LC Making Money?

Last year, LC earnings were $37.52M. Over the last two year, LC's earnings have grown by -43.63% per year. This was slower than the Credit Services industry average of 11.89%.

Last year, LC revenue was $799.61M. Over the last five year, LC's revenue has gone up by 2.19% per year. This was slower than the Credit Services industry average of 10.08%.

Find out more about LC's earnings and revenue performance here.

Latest Insiders Trades at LC

In the last year, executives and large shareholders at LC have sold more shares than they have bought.

Erin Selleck, Director of LC, was the latest LC insider to sell. They sold $23,289.90 worth of LC shares on Jun 12, 2024.

Dig into more about who owns LC stock here.

Does LC provide a stable income stream?

No, Lendingclub doesn't provide an income stream by paying out dividends.

What do other traders have to say about LC?

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your LC trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.

Click the Open Trade button and eToro will execute the order.

If you require more assistance buying stocks on eToro, watch the how to video below:

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Step 6: Track your investment in LC

Now that you own some shares in LC, you'll want to keep up with your company.

Add LC to a watchlist to get notified of the latest news about your LC stock.

LC Feed

How to Buy Stock in Lendingclub

To summarize, here are the 6 steps to buy Lendingclub stock:

  1. Choose where to buy Lendingclub stock
  2. Sign up for your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Lendingclub stock
  5. Execute your LC trade
  6. Track your investment in LC

If you need a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your investment in Lendingclub, create a watchlist today.

NYSE: LC
$8.35-0.12 (-1.42%)
Updated Jun 14, 2024
Open eToro Account
NYSE: LC
$8.35-0.12 (-1.42%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Lendingclub share?

As of Jun 14, 2024, it costs $8.35 to buy one share of Lendingclub stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.479 shares of LC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Lendingclub stock?

According to 4 Wall Street analysts who monitor Lendingclub, their consensus recommendation is to buy Lendingclub stock.

What is the best way to buy Lendingclub stock?

One way to place an order for Lendingclub stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.